Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.
Economists note that the U.S. housing sector continues to struggle as new buyers face significant headwinds. The Federal Reserve’s aggressive monetary policy has pushed mortgage rates to multi-year highs, and at the same time, a low supply of new homes is keeping prices elevated. Looking at the inventory of homes for sale, the report said there were an estimated 463,000 new houses for sale at the end of February, representing an 8.4-month supply at the current sales rate.
The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc.
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